The investment objective of Neptune China Special Situations Fund is to generate capital growth by investing predominantly in a concentrated portfolio of securities issued by Chinese companies, or issued by companies transacting a significant proportion of their business in China, which are considered to be undervalued, with a view to attaining top quartile performance within the appropriate peer group. There are no restrictions in terms of country, state or regional allocation and the Fund may also invest in collective investment schemes, other transferable securities, cash or near cash, deposits and money-market instruments. Derivative instruments and forward transactions may be used for efficient portfolio management. It is the intention to be near-fully invested at all times but the Fund may take tactical positions in cash or near cash should the ACD feel it appropriate.

Asset manager:
Management Team (Started: Dec 16, 2011)

Advisor Company:
Neptune Investment Management Limited

	1 year	3 years	5 years	10 years
Alpha*	7.17	-	-	-
Beta*	0.97	-	-	-
Mean annual return	1.04	-	-	-
R-squared*	52.91	-	-	-
Standard deviation	23.47	-	-	-
Sharpe ratio	0.53	-	-	-
* Against standard index